July 13, 2011

Times Change - Your Estate Plan Should Too

We recommend that our clients review their plans at least every 3 years to ensure that their planning is up-to-date with their faimly situation and the law. A family will go through many changes over the course of years, and that often should also mean changes to their estate plan. Unfortunately many people simply create their plans and think they are done. By not revisiting your estate plan from time to time, they run the risk of their plan not working. Sometimes this means changes to executors, beneficiaries, or even guardians of children that may have passed away or are no longer in your life. You will want to take the necessary steps to replace or remove those individuals as soon as possible. Not only do family changes take place, but also laws and even your assets. The following article demonstrates an example of why you should keep your estate plan up-to-date. See here. We provide our clients with a no-charge review of their plans ever 3 years. Other cliens want even more frequent reviews, and for those clients we offer our Client Annual Maitenance Plan (CAMP), which provides annual reviews and updates on a subscription basis.